Blockchain sum­mit be­gins in Kochi to­day

Gulf Today - - INDIA - Ashraf Padanna

TRIVANDRUM: Top blockchain ex­perts and thought lead­ers from around the world will as­sem­ble in Kochi for a two-day sum­mit from Dec.12, of­fi­cials said on Tues­day.

They will share ideas and lead dis­cus­sions on col­lab­o­ra­tive op­por­tu­ni­ties in lev­er­ag­ing the tech­nol­ogy for the pub­lic good, and po­si­tion­ing Ker­ala as the coun­try’s blockchain hub.

Grand Hy­att Kochi on the hu­man­made Bol­gatty Is­land is the venue of the con­clave, Block­hash Live 2019, or­gan­ised by Ker­ala Blockchain Academy (KBA).

As a pre­lude to the event, Block­hack2019 is on In­te­grated Startup Com­plex (ISC), Ker­ala Tech­nol­ogy In­no­va­tion Zone, in the Ker­ala port city. “The sec­ond edi­tion of­fers a rare op­por­tu­nity for the global busi­nesses in blockchain to ex­pand their op­er­a­tions in Ker­ala in par­tic­u­lar and In­dia in general,” the KBA said in a state­ment.

“The sum­mit will be a plat­form to ex­plore the dis­rup­tive po­ten­tial of the blockchain tech­nol­ogy for the pub­lic good through ca­pac­ity build­ing and pro­mote re­search, de­vel­op­ment and en­trepreneur­ship.”

The 24-hour live hackathon Block­hack2019 will have an ini­tial short-list­ing of teams based on the prob­lem de­scrip­tion.

The theme of the hackathon is “Blockchain in In­sur­ance.” A panel of ex­perts in the do­main of blockchain and in­sur­ance will de­liver the judge­ment.

An ini­tia­tive of the south­ern state gov­ern­ment, KBA comes un­der the di­verse port­fo­lio of the In­dian In­sti­tute of In­for­ma­tion Tech­nol­ogy and Man­age­ment -Ker­ala (IIITM-K).

Af­ter its launch in 2017, the KBA had made great strides. Re­cently, it de­vel­oped a so­lu­tion to make cer­tifi­cates tam­per-proof and eas­ily ac­ces­si­ble from any­where.

The tech­nol­ogy comes handy for ex­pa­tri­ates who find it chal­leng­ing to get their aca­demic cer­tifi­cates sit­ting away from the coun­try.

Blockchain is a data­base, mostly of fi­nan­cial trans­ac­tions, which is saved on mul­ti­ple com­put­ers and which con­tin­u­ally grows as new trans­ac­tions or “blocks” are added to it.

The con­tin­u­ous and pub­lic chain of data en­ables trans­ac­tions, in­clud­ing cer­tifi­cates is­sued by uni­ver­si­ties and other in­sti­tu­tions, pre­vents fak­ing or any mis­use.

The KBA, first of its kind in­sti­tute teach­ing this tech­nol­ogy, of­fers its ser­vices to help end fak­ing and forgery of doc­u­ments of aca­demic qual­i­fi­ca­tions.

Ven­ture cap­i­tal­ists world­wide are now pour­ing bil­lions into star­tups de­vel­op­ing ap­pli­ca­tions us­ing this tech­nol­ogy, which is be­hind cryp­tocur­ren­cies, banned in In­dia.

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